Two China Property Stocks To Avoid Now -- Barron's Asia

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Thomas Streater That China's real estate market might be weakening isn't exactly breaking news. But as investors browse for bargains among beaten-down property stocks, which ones should they avoid? Performance of Hong Kong-listed property stocks have differed wildly this ...

Oil Futures Trade Marginally Lower on Investor Caution

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Eric Yep Crude-oil futures were slightly lower in Asian hours Friday as investors remained unsure if a rebound in oil prices can be sustained. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded ...

ECB: France Could Do More to Cut Spending

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

PARIS--Bank of France governor Christian Noyer Friday said the French government can make more efforts to cut spending just as French President Francois Hollande is facing mounting pressure from other European Union leaders to speed up budget deficit reduction. "Today, ...

Argentina Sells $983 Million In Dollar-Linked Bonds

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Taos Turner BUENOS AIRES--Argentina sold $983 million in U.S. dollar-linked bonds to local institutional investors such as banks and insurers even as it remains locked out of global credit markets. The two-year, dollar-denominated bonds carry an annual interest rate ...

Germany's Merkel Says Russia Sanctions to Stay

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

BRUSSELS--A cease-fire between Ukrainian troops and Russia-backed rebels in eastern Ukraine isn't being fully observed and thus European Union sanctions against Russia must remain in place, German Chancellor Angela Merkel told reporters early Friday morning. Ms. Merkel is a decisive ...

Polish Zloty Undervalued, Stimulates Economy --Central Bank Head

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Patryk Wasilewski WARSAW--Poland's currency is slightly undervalued helping to stimulate economic recovery, the Polish central bank's governor Marek Belka said Friday. Asked about the consequences of the undervalued zloty, Mr. Belka said: "obviously it stimulates growth." The Polish zloty ...

Oil Prices Slip on High Supplies

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Cassie Werber Oil was trading lower on both sides of the Atlantic Friday morning, retreating after a bounce the previous day and still hovering close to multiyear lows. Oil is now trading at such a low level that it's ...

U.S. New-Home Sales Rose 0.2% in September

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Ben Leubsdorf and Jonathan House WASHINGTON--New-home sales rose slightly in September after surging in August, hitting their fastest pace of the recovery despite downward revisions to sales during the summer months. Sales of newly built single-family homes in the ...

Russian Ministers Warn Sanctions, Oil Prices May Harm Economy--Update

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Alexander Kolyandr MOSCOW--Russia's economy and budget may suffer if low oil prices and Western sanctions persist for some time, government ministers warned Friday. In the government's clearest acknowledgment so far of the pain Western sanctions and lower oil prices ...

German Consumer Sentiment to Rebound

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Emese Bartha FRANKFURT--German consumer confidence is expected to rebound in November, a sentiment survey released Friday showed, signaling that citizens of Europe's largest economy have become less sensitive to conflicts across the globe and their impact on economic growth. ...

Asian Shares Rise, Led By Japan

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

Stocks in Asia rose Friday on the back of a strong rally on Wall Street, while gains in Tokyo were supported by the dollar's strength against the Japanese yen. The Nikkei Stock Average was up 1.1% after the dollar traded ...

New Zealand September Trade Deficit Worse Than Markets Expected

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's goods trade deficit widened significantly in September primarily on a decline in dairy exports and the arrival of Air New Zealand's Dreamliner 787. The country recorded a 1.35 billion New Zealand dollar (US$1.05 ...

U.K. Will Have to Pay an Extra EUR2.1 Billion to EU Budget

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Jenny Gross and Nicholas Winning in London and Matthew Dalton in Brussels British Prime Minister David Cameron on Friday called for an urgent meeting of EU finance ministers after the bloc requested the U.K. contribute an additional EUR2.1 billion ...

U.K. Economy Slows in Third Quarter

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

LONDON--The U.K. economy, one of the star performers among its peers in the West so far this year, slowed in the third quarter, official data showed Friday, the latest sign the global recovery may be losing steam. In a preliminary ...

Oil Prices Slip on High Supplies

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Nicole Friedman NEW YORK--Oil pared the previous day's gains Friday as concerns about a global oversupply continued to weigh on the market. Prices had risen Thursday on better-than-expected economic data from China and Europe, and news that Saudi Arabia ...

Ruble Falls Amid Credit-Rating Concerns

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

MOSCOW--The Russian ruble slid to yet another all-time low against the dollar and the euro as investors wait for the latest report on the country's creditworthiness from Standard & Poor's Inc., expected later Friday. S&P; has Russia's low investment-grade credit ...

Putin Reiterates Commitment to Free Floating Currency

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

MOSCOW--Russian President Vladimir Putin said Friday the country won't "burn up reserves thoughtlessly" as he reiterated his commitment to a free- floating currency. The Bank of Russia is planning to switch to an inflation targeting policy next year, abandoning its ...

Oil Prices Post Fifth Weekly Loss

TODAY: Oct. 24, 2014 PUB DATE: Oct. 24, 2014

By Nicole Friedman NEW YORK--Global oil futures posted a fifth weekly loss as concerns about high global supply continued to weigh on prices. Prices have tumbled for months as supply growth has outpaced demand. Market participants are waiting to see ...